If a debtor defaults on a mortgage loan on a parcel of real property, the creditor, often a bank or mortgage company, must commence a legal proceeding against the debtor called a
A) Judicial sale
B) Repossession
C) Foreclosure
D) Deed in lieu
C
Legal Studies & Paralegal
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A deposition by written questions is best because the other party cannot ask cross questions.?
Answer the following statement true (T) or false (F)
Legal Studies & Paralegal
The final step in a real estate transaction during which the grantor - usually a seller - conveys title to the grantee - usually a buyer - most often in exchange for financial consideration is the:
a. Title search b. Title conveyance c. Closing d. Conveyance of deed
Legal Studies & Paralegal
The accuracy of a legal description is not particularly critical to the transfer of real property
A. True B. False
Legal Studies & Paralegal
Commerce Clearing House is noted for which type of legal publication?
A) Looseleaf services B) Periodical C) Legal dictionary D) Legal encyclopedia
Legal Studies & Paralegal